Medical Device Manufacturing in Texas: Market Research Report

Date Published: August 2017

Overview

Picture of health: Industry revenue in Texas is expected to outpace national revenue growth

The Medical Device Manufacturing in Texas Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

Industry Analysis & Industry Trends

Despite only making up a relatively small portion of the national Medical Device Manufacturing industry, the Texas Medical Device Manufacturing industry has grown over the past five years. Rising private insurance enrollment created by the Patient Protection and Affordable Care Act (PPACA) and the aging population have driven demand for healthcare services, and therefore industry products. As a traditionally conservative state, Texas had previously not heavily regulated the healthcare sector, so the PPACA incited rapid growth in healthcare. Large international companies have invested in the industry by opening new establishments and acquiring businesses in Texas. This growth is expected to continue over the five years to 2022...

Industry Report - Industry Key Buyers Chapter

In Texas, the Medical Device Manufacturing industry carries a high level of industry concentration. The four largest companies in the industry are expected to account for more than 70.0% of revenue in 2017. While the national industry includes many small companies, in 2017, there are only expected to be 44 industry companies in Texas. As a result, there is very little competition for the larger companies. Over the next five years, concentration is projected to remain high because the number of enterprises is only expected to grow to 53 companies.

Additional Insights for the
Medical Device Manufacturing in Texas
Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Device Manufacturing in Texas Industry are

Access to highly skilled workforce

Access to the latest technology

Establishment of export markets

IBISWorld analysts also discuss how external factors such as Number of physician visits and Number of adults aged 65 and older in Texas in the Medical Device Manufacturing in Texas industry impact industry performance..

Includes the necessary information to perform SWOT, PEST and STEER analysis.

Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.

Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Medical Device Manufacturing in Texas market research report includes:

Historical data and analysis for the key drivers of this industry

A five-year forecast of the market and noted trends

Detailed research and segmentation for the main products and markets

An assessment of the competitive landscape and market shares for major companies

And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Device Manufacturing in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.